NaturalCycles weighs funding round larger than its previous $55 million as it aims to expand into new markets;

NaturalCycles Nordic AB is considering a new financing round next year, which could exceed its previous $55 million funding. The company seeks to boost its app usage among American women, bringing total investments close to $100 million.

Sources:
Bloomberg.com
Trending 4h ago
Tab background
Sources: Bloomberg.com
NaturalCycles, the Swedish company behind a popular birth-control app, is eyeing a larger funding round next year to further expand its market reach. The company secured $55 million in its last funding in spring, raising its total investments to nearly $100 million.
CEO Raoul Scherwitzl indicated that the new financing round is aimed at enhancing growth, particularly to attract more users among American women. Following the success of its innovative app that allows for tracking fertility, the company is looking to leverage this funding to capitalize on its growing audience and expand its international footprint.
As of now, they are assessing various options to raise more capital while aiming for a strategic push into new markets, reflecting their ambition to solidify their position as a leader in the fertility tracking sector.
With these developments, NaturalCycles stands at a critical juncture as it seeks to broaden its influence and capture additional market share internationally.
Sources: Bloomberg.com
NaturalCycles, the Swedish developer of a birth-control app, is contemplating a funding round potentially larger than its previous $55 million to support expansion into new markets, particularly to increase usage among American women, CEO Raoul Scherwitzl stated.
Section 1 background
Key Facts
  • NaturalCycles is considering a financing round that could exceed its previous investment of $55 million as it seeks to expand to new markets.Bloomberg.com
  • This potential funding would increase the total investments in NaturalCycles to nearly $100 million, according to Chief Executive Officer Raoul Scherwitzl.Bloomberg.com
The funding could exceed the $55 million it last spring, which brought total investments in the company to almost $100 million, according to Chief Executive Officer Raoul Scherwitzl.
Bloomberg.com
Bloomberg.com
Article not found
CuriousCats.ai

Article

Source Citations